Examlex
Trade can only benefit a nation if that nation has an absolute advantage in the production of that good.
Bottom-up Processing
A way of processing information in which the brain forms perceptions by starting with individual pieces of sensory data and combining them to create a cohesive image or understanding.
Context Effects
The influence of environmental factors on one's perception or understanding of a stimulus.
Perceptual Set
A readiness to perceive or interpret stimuli in a particular way based on expectations, experiences, emotions, and culture.
Weber's Law
A principle stating that the smallest change in a physical stimulus that can be detected is a constant proportion of the stimulus level.
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